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Search Results 0 to 49 of about 59 (some duplicates have been removed)
and health care reform was done. when we look at deficit reduction, it's four or five deals, each one in endless, horrible slog through the d.c. marshes. in the second term the two things we are going to see, it does not look like we are going to see much more on jobs. the white house is not fighting hard. they have not made infrastructure a condition of moving forward. we got $600 billion in the fiscal cliff. republicans are going to make a decision to include revenues or whether or not they are going to make a decision that is better to do no more reduction over the second term. if it is what it takes to keep the president from getting more tax revenues. >> let me ask this. what i hear you saying is deficit reduction. it seems as though we have a president who is legitimately a deficit hawk. he believes the deficit is a problem and deficit reduction is a priority. when you look at the approval rate of americans on handling of the economy, it's split half and half with support for the president and 49% versus 48% disapproving. there's a little room to do a big thing. this president i
unemployment continue to be a major factor. and when you look at the trade deficit we have, which peter morici more than anybody has tracked, we, we have issues dealing with our economy. we aren't dealing with. spending should be --. melissa: absolutely are. >> don't go putting us in the tank here. melissa: what is the best outcome for the economy with the debt limit debate? >> we certainly have, the dennis is right they have to raise the limit right now. however, i think that linking the next extension with passing a budget is a good thing because after all, how much you raise the limit is going to be a function of how much you intend to spend more than you take in. and so, we do at some point have to get to disciplining spending and linking it to how much additional we borrow. i think that is a reasonable thing to do. so i like the strategy of, you know, may 1th. -- 19th. that said, we really can't reduce the deficit a lot unless we do something about our budget deficit. you see, the trade deficit. the trade deficit detracts from demand. the budget deficit adds to demand. if you're going to
isn't a very good one for them. working on deficit and spending budget is better for them. >> reporter: what do democrats say about passing a budget today. >> reporter: chuck schumer said the senate would pass a budget this year. the battle will be over spending cuts and what is included in that very budget. yesterday with the top congress alleaders at his inaugural luncheon president obama called for working together. >> i recognize that democracy is not always easy, and i recognize there are profound differences in this room, but i just want to say thank you for your service, and i want to thank your families for their service, because regardless of our political persuasions and perspectives, i know that all of us serve because we believe that we can make america for future generations. >> reporter: first challenge will be that debt ceiling vote tomorrow the first of many fiscal issues to be tackled in this new term. >> reporter: let the games begin. mike emanuel, thank you very much. what is the likelihood of a senate budget resolution. coming up minutes from now we'll speak to one
to see him as the paragon of responsible spending. >> we'll start with the deficit, shrinking more rapidly than at any time since the end of the korean war. in the end of december, we had a deficit for the month of $260 million, not $260 billion, $260 million. which in washington is almost the budget. that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's such a shame. i think david is right because we have low debt service right now. we're paying less interest on our debt than we had in the reagan and bush administrations before because interest rates are so low. >> but they're g
the debate over deficit reduction and entitlement programs like medicare, medicaid and social security is straight ahead.mr. obama mr. obama used today's speech to tell skeptical republicans that these three pillars of the great society must remain. >> we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices toh care reduce the cost of health care an and the size of our deficit. (applause) but we reject the belief that america must choose the belief between caring about the generation that built this country and the investment inture. its future. >> reporter: for the first time, the push for gay rights was equated with earlier struggles with women's rights and civil rights. >> our journey isn't complete until our gay brothers andor t sisters are treated like anyone else under the law. (applause) righ for if we are truly created equal than surely the love we commit to one another must be equal as well. >> reporter: the president elevated man-made climate change higher than at any time since winning reelection, resu
or the highway either. we have a huge spending deficit problem. they were considering for well over a week the notion of just mint inging a trillion dollar c and calling it good. the federal reserve said that's phony. that doesn't work. and the treasury department on saturday said okay, you are right. we won't go that route. we need serious proposals from the president and it is not just the congress. it is -- we got to work together to solve the country's problems. >> let me -- let me split off debt limit here. are you willing to do the debt limit on its own without any -- president say he's not going to negotiate, are you willing to pass a clean debt limit? >> you know, i think passing a clean debt limit is problematic for the american people as well as for the congress and the country. i think that we should find common ground here to look at spending reforms for the long term to gettous a path to reducing debt and deficit. i think we should look at current spending reductions that could take place and in ways we can grow the economy. i would like to see us work together on this matter
in that time to clear the way for negotiations on long-term deficit reduction, to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had multiple servicemen and women clasp me on the arm and say, please do something about the debt and deficit. we're bankrupting the country. that's what the american people are looking for. and to date, politicians have both parties have been unwilling to take even a tiny step in the right direction. we've got to fix the problem. >> the senate has to pass a budget. do you believe that? >> i do. >> why has it been four years since you've done that? >> well, l
of the labor force, a big number, and none of these things said deficits, generational debt, not mentioned. it's interesting, you had some people on the left comparing the speech to the gettysburg address. which i found somewhat amusing. and you know, the references to the messiah, jesus, i can't believe how caught up the media gets in these moments. it's actually comical, but i wanted to ask you for the speech itself, i felt it was a hodgepodge of written by people that want today come up with their ask not what your country can do for you, but what you can do for your country moment and when you write a speech like that isn't it likely to fail? >> well, you have to use your own words. but what they did cribbed a lot from abraham lincoln, i saw at least three speeches in there. the nation without liberty and equality, remain half free and half slave. and that's almost word for word from the house divided. gettysburg address, we have a republic, by the people, for the people. and lincoln's famous message to congress in 1862 before the emancipation proclamation he said as we think anew as our c
politicians and the commanders on the ground are creating a large deficit of trust. after "rolling stone" interview in which mcchrystal slammed obama and members of the administration, he was forced to resign. he said he did not end as he would have wished. today he says he has moved on with his life and is now free to speak his mind. >> afghanistan is hard. it's always been hard. if you study their history, it's never anything but complex and difficult. >> i spent a career carrying typically an m-16 and later an m-4 carbine. i personally don't think there is any need for that kind of weaponry on the streets, and particularly in and around the schools in america. i like the fact that chuck hagel has had his feet in the mud as a soldier. i like the fact that he's had a lot of background. >> joining me now is the former top commander in afghanistan, retired general stanley mcchrystal. he has a brand-new memoir called "my share of the task." general, nice to see you. >> good to see you, chuck. >> we have heard you on a number of topics. it was interesting on the assault weapon. i want to st
, the deficit, gun control, immigration. what should the president do first to show republicans he's not looking for revenge or looking to pick fights? >> i would say the budget. to make an honest attempt on both sides to try to reduce spending or reduce the growth in spending. that to me is the one place where there is enough on the table that both sides can make progress if they want to. you get into gun control, i basically support the president's program, but he's not going to get very much support at all among republicans for that. that's a good political point for him, but i don't see it going anywhere. as far as the illegal immigration or making it legal or whatever, reform, i would say there's an opportunity, people like marco rubio, for instance, and others, and also you have the chamber of commerce, you have some republican vested interest. i would say the budget and immigration are the two areas, spending and immigration. >> can he get through some simple things on gun control, if not a ban on assault weapons. that might be impossible with republican caucus, but universal background c
-or-no. >> no risk. >> the debt ceiling was raised in august the political fight in the spot lighted on the deficit and debt problems less s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term and now he is stepping down. president obama's pick to replace him is jack lew, who has established a close relationship with the president. lew is not is chummy with republicans on the hill after the debt ceiling negotiation back in 2011. for that reason and others, his confirmation hearing could be bumpy. if confirmed, he will be dealing with the top issue in this second term, how to get the economy moving and addressing the country's long term fiscal problems. >> this is a president that is forced to grapple with the budget woes, with the economy that cannot get over the hump. it will consume most of his time, i believe, in the second term. >> what he cannot do going into the term is go from economic crisis to economic crisis. that is not leadership. he has to figure out how to address this in ay way. our health care reform can
the government running. it will be planned to slowly but surely, what our nation out of debt, deficit, and declined garrett on your behalf, we will insist the democrats who run the rest of washington to the same. this debate is often argued in numbers and figures but it is really about and families like yours that bear the burden of a slow economy. constant uncertainty and. ever-changing government rules chase our jobs and opportunities overseas. when day to day life costs more and jobs pay less, we do not solve the problem by delaying our cattle decision -- spending decisions, raising taxes, or refusing to answer the most pressing economic challenges. with the swearing in of a new congress and the inauguration of president obama, this is an opportunity for a fresh start. government debt affects all of us. republicans will not to to provide a blank check for uncontrolled spending and constant nickel and dime tax increases. we should gut washington's budget, your budget. these are the challenges of our times. we have the guidance of great leaders in the past who have faced tougher chal
the things that really matter like how the deficit's been destroying the country since january 21, 2009. how zor owes is a hungarian term for class traitor and
in the late 1980's when we didn't have to talk about how to pay for disaster assistance because the deficit was only $3 trillion. but we've so badly mismanaged our money after that, by the time we got to hurricane katrina in 2005, that we actually did start talking about offsetting and paying for disaster relief and paid for and offset about 40% of it. but we didn't learn. we didn't learn from those mistakes and we've continued to mismanage our money and to run up our deficit to such a point now where we're at $16 trillion today and it's incumbent upon us to have the discussion about whether or not we have the money to do this. and whether or not it's important enough to us to pay for it. i wish very much that we weren't here today. i wish very much that we could pass this and easily borrow the money, without any questions whatsoever. but we've wasted that opportunity. we've mismanaged our own finances to the point where we are now no longer capable of taking care of our own. think about that for a second. in the united states of america we do not have enough money to take care of our own c
. by creating jobs we reduce the deficit. >> jennifer: i'm take taking it as an encouraging sign that the tea party can be moved by public voices. if they can be moved on the debt ceiling of all things, maybe they could be moved on guns. you wrote in the "huffington post," advocating reducing defense spending so you can spend more money and invest in the united states. the question is in the negotiations in congress over the spending do you see that happening? >> we've got to make it happen. again, it's got to be the voice of the american people that will make it happen. people don't realize that 60% of our discretionary money go to the defense. wewe need and want a strong defense, with you but quite frankly out dateed cold war-era weapons can be taken off the table. there are many, many ways we can save money with defense in our pentagon budget, and never even touch anything that would affect our troops and their benefits and their families or national defense. nothing is off of the table and we have to under that defense can't be off of the table. we have to keep defense on the table as par
was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fiscal problems. >> this is a president that is forced to grapple to the tenor of our times with the budget woes, with the economy that can't get over the hump. it's going to consume most of his time, i believe, in the second term. >> what he cannot do, going into this term is go from economic crisis to economic crisis. that's not leadership. what he will have to do is figure out how we address this in a broa
first term, i'm going to cut that first deficit in half. we didn't hear anything about that yesterday. in fact, it sounded more like spend, spend, spend, and in fact, if you're just waking up, you were sleeping through the speech yesterday, the main speech point was whatever you need, middle class, we're going to give it to you. >> brian: education, roads, communication, networks, science, labs, a lot of investment in infrastructure, which means investment infrastructure means do you need revenue? to get revenue, you raise taxes. >> gretchen: you lint like what he was talking about, maybe you liked that it was short. under 20 minutes. we heard that one president in history gave a two-hour speech. >> brian: and he died. >> steve: he did. >> gretchen: he did soon after of pneumonia. let's talk about that whole idea of the middle class, though, because these are the facts, folks. the median household income in 2007 was $54,489. of course, that was before the banks collapsed and before the recession. in 2011, that has gone down to $50,054. that's a huge chunk of change when you're talking
control on the budget? on the deficit? >> let me say two things that he can do. i got interrupted for miss alicia keys. i'm sorry. >> today is an incredible day. and you can feel the energy everywhere that you go. in so many ways, every day is a new day. and a new chance. a new chance to be our best. to serve our highest purpose. yeah. so i'm going to need your help tonight because i'm up here all by myself. i just wanted it to be me and you. so help me celebrate this most momentous day. i'll tell you what to do. i need you to say -- ♪ ♪ people say eh ♪ ♪ it's a new day ♪ it's a new day ♪ getting ready, everybody ready ♪ ♪ eh oh, a new day ♪ a new day ♪ celebrate and say eh, eh ♪ celebrate and say eh ♪ yeah because he's president and he's on fire. hotter than a fab as they like a highway ♪ ♪ he's living in a world and it's on fire filled with catastrophe ♪ ♪ he has both feet on the ground and he's burning it down ♪ ♪ oh, oh got his head in the crowds and he's not breaking down ♪ ♪ he's walking on fire ♪ obama's on fire ♪ watch him as he's lightin
, most of the people are ceos and in business, they are not optimistic. there is a deficit of confidence, and that's because you have budgetary problems in the united states, you have the eurozone problem, you have china, india slowing down. these other issues are very much on their agenda. so, you and i, as the week will go on, will distill this into what really they're talking. at the moment, the one word to keep in mind, risk. where it lies at the moment. >> and if they think that it's risky, business people and they're trying to get a sense of where we are with the economy if they think it's risky, how is that impacting us? everyday folks here who are looking at their, you know, paychecks and homes and wondering if it's going to change, if it's going to get better. >> reporter: well, this is a fascinating part because the pwc, consulting company, brought out a survey which talks about risks and the crucial parties, the businesses, are brilliant at adapting, being diverse. they are used to these so-called black swan risks that come out. and to answerer your blunt question, what happen
our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. but i didn't come here to talk about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic of gun violence in america. you all know the statistics better than anyone so i'm not going to repeat them. on that score, i owe an incredible debt of gratitude to you at the head table and those of you in the room. i know we don't have unanimity in this ballroom nor do we in any ballroom, but we all acknowledge that we have to do something. we have to act. and i hope we all agree, there is
change, balanced deficit reduction, reducing gun violence and the implementation of the affordable care act. with me now, jim messina, the man responsible for re-electing the president and heading this new non-profit group and he's head of the inaugural parade. this is a busy time for you jim, huh? >> hi, craig, how are you? it's busy, but a lot of fun. >> let's start with this new group here. it's set up like a 501 -- it's set up as a 501c4 group which is different from a super pac. it's able to legally coordinate with the white house. how do you think that's going to help the mission? >> look. we went out and surveyed our members across the country and two things became very apparent. one, they wanted to stay together. they had built something very special through two very tough presidential campaigns and two, they wanted to continue to work on the issues that motivated them to get involved with barack obama in the first place. you talked about them, the economy. immigration reform, climate change. all things that we care very deeply about and so as we looked at how to do that, the st
make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. >> some republicans are complaining now that the president's speech was too partisan and didn't reach out enough. here is a news flash. this isn't about those republican lawmakers. this is about you, the american people and the policies that the president has put forth. it's about fixing the budget without burdening the poor in this country or the elderly or the disabled. the next four years are going to be very interesting. let's turn to john nichols, washington correspondent of "the nation" magazine. and john, "the nation" magazine was so impressed with the speech today that there was a lot of rewriting going on. >> yep. and i sometimes have to do a lot of that rewriting. >> remarkably progressive today? >> yeah, it was. we were struck by it. we set a high standard for this president. we don't let him off the hook when we disagree
Search Results 0 to 49 of about 59 (some duplicates have been removed)